Stock Report: Laredo Petroleum Holdings Inc. (LPI) Report Updated: May 20, 2013 | Print This Page

Laredo Petroleum Holdings, Inc., an independent energy company, engages in the acquisition, exploration, development, and production of oil and natural gas in the Permian and Mid-Continent regions of the United States. The company’s principal properties include the Permian Basin covering an area of 134,680 net acres in approximately 300 sections in the Wolfberry and deeper horizons located in west Texas and southeastern New Mexico; and the Anadarko Granite Wash property comprising 37,850 net acres situated in the Texas Panhandle and Western Oklahoma. As of December 31, 2011, its total estimated proved oil and natural gas reserves were 156.5 million barrels of oil equivalent. The company also drilled 29 gross horizontal wells in the Permian Basin and 12 gross horizontal wells in the Anadarko Granite Wash. Laredo Petroleum Holdings, Inc. was founded in 2006 and is headquartered in Tulsa, Oklahoma.